This week, Former Treasury Secretary Lawrence H. Summers says President Trump’s One Big Beautiful Bill cuts many Americans’ safety net. And we take a look at how the US wine industry will be threatened by tariffs that are intended to protect domestic businesses. Plus, is wearable technology the new fountain of youth? Later, a look at how AI could shape the future of monetary policy.
Chapters:
00:00:00 – Summers on Big Beautiful Bill
00:10:26 – Wine Woes
00:23:49 – Wearable Technology
00:36:59 – Monetary Policy & AI
00:47:36 – FDA Commissioner on Big Pharma
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12 Comments
We don't care about Trump's big beautiful bill.
We have fools running our government we are in the worst shape fiscally ever. The market has a few hundred points to go before it lets lose to the downside and Wall St is going to be standing in line with their hands out. GFY
It's not really inflation. It's just higher prices every year. Trust me! 🇺🇲🇺🇲🇺🇲🇺🇲
why US wine producers can't sell their wine directly to the consumer , an other dumb regulation, get rid of that and wine will be cheaper, US wine producers agree with President Trump , not shocking that the importers don't, I want to know how the Big beautiful bill is going to affect the economy , the no tax on tips , no tax on overtime and social security, those will affect working class specially the young people , I dont care about this wine drinking boomers
The minute he said “the consumer seems fine” 😂 I think some of them have already made it to Mars a long time ago and are pretending they’re still on earth for the cameras
In the health wearables segment, "16% vs 20% on placebo." So, if I do nothing and pay nothing I get the same benefit? Please clarify.
Boring
Tariffs on wine coming in from the EU will means a loss of choice in the USA. Enjoy your blended reds, whites and pinkish stuff from a bulk box made in the USA. Mix with club soda for some fizz.
Sad to see this program deteriorates to middle school student reporting 😂 Time for Summer to roll 😅
Bloomberg is a joke!
Focusing on the tariff troubles of importers, who don’t employ many Americans, is just stupid.
Try focusing on the trillions and trillions of $$$ being invested in manufacturing jobs that are being in-shored to avoid these tariffs. These jobs will employ American workers in the hundreds of thousands.
Terrible reporting.
Shorting against US wine industry was and still is my highest conviction trade the instant Trump got elected, he doesn’t drink wine, doesn’t have investment in wine and most of his maga base are beer / hard liquor consumers, this was cast in stone long way back in term if you are going to screw bunch of groups anyway, this is the easiest and top of the list
This is good because people can buy wine then they have the ability to make that money